Regulation

Approved by the Resolution of the

Government of the Republic of Tajikistan

dated December 28, 2006 No. 590

REGULATION

on the State Committee for Investment and State Property Management of the Republic of Tajikistan

(as amended by Government Resolutions of the Republic of Tajikistan dated 29.05.2010 No. 284, 03.03.2011 No. 135, 31.05.2012 No. 296, 13.09.2012 No. 488, 05.02.2013 No. 34, 02.07.2013 No. 289, 14.02.2015 No. 62, 02.06.2016 No. 249, 01.04.2017 No. 167, 01.10.2018 No. 489, 31.12.2018 No. 624, 22.09.2022 No. 458) 

1. General Provisions
2. The State Committee for Investment and State Property Management of the Republic of Tajikistan (hereinafter referred to as the “Committee”) is a central executive authority implementing, within its powers, state policy and legal regulation in the field of investment, measures for targeted attraction, coordination and monitoring of external assistance, management of state property, and supervision and implementation of the process of denationalization and privatization of state property in the Republic of Tajikistan. Representing the interests of the state as an owner, it carries out activities aimed at implementing programs to support entrepreneurship.
3. The Committee in its activities is guided by the Constitution of the Republic of Tajikistan, laws of the Republic of Tajikistan, resolutions of the Majlisi Oli of the Republic of Tajikistan, decrees and orders of the President of the Republic of Tajikistan, resolutions and orders of the Government of the Republic of Tajikistan, international legal acts recognized by the Republic of Tajikistan, and this Regulation.
4. The Committee carries out its activities directly and through its territorial bodies in cooperation with other executive authorities, public and other organizations.
5. Powers
6. The Committee exercises the following powers within its established area of activity:

• drafts and submits to the Government of the Republic of Tajikistan draft laws and other regulatory legal acts related to its sphere of activity;
• independently adopts regulatory legal acts and decisions within its competence;
• develops and implements measures to improve the investment climate and create favorable legal and other conditions for attracting investments;
• participates in the development and implementation of investment programs and concession agreements, representing the state as owner;
• facilitates the attraction of investments for implementation of state programs and priority social projects, including through loans and grants from international organizations and donor countries;
• coordinates the process of attracting, utilizing, and monitoring external assistance;
• ensures effective interaction with investors and protection of their legal rights and guarantees;
• coordinates activities of state bodies in working with investors;
• cooperates with investors on a “one-stop-shop” principle;
• assists investors in fulfilling obligations of state bodies and legal entities;
• reviews investors’ appeals and ensures communication with state authorities;
• develops investment agreements and related contracts;
• provides consultation and services to investors, including assistance with documentation and procedures;
• supports and monitors the provision of public services to investors;
• organizes meetings and negotiations with investors;
• establishes contacts with potential investors;
• assists domestic entrepreneurs in finding foreign investors;
• implements state policy on privatization and denationalization;
• develops methodological frameworks for privatization;
• ensures efficient use and protection of state property;
• carries out valuation of state property;
• protects property interests of the Republic of Tajikistan domestically and abroad;
• promotes investor participation in privatization processes;
• implements policy to prevent insolvency and bankruptcy of state enterprises;
• supports development of entrepreneurship, including small and medium-sized enterprises;
• develops and implements state programs for business support;
• analyzes investment flows and international experience;
• prepares proposals to improve investment climate and legislation;
• participates in international agreements on investment;
• conducts promotional campaigns on investment opportunities;
• organizes accounting and reporting on investments and external assistance;
• assists individuals and legal entities in resolving economic disputes;
• organizes forums, conferences, and investment events;
• conducts expertise of contracts and monitors implementation of investment projects;
• ensures transparency and publication of information on investment projects;
• manages and disposes of state property, including leasing, transfer, and contribution to capital;
• exercises shareholder rights on behalf of the state;
• maintains records of state property;
• analyzes privatization processes and reports to the Government;
• implements corporate governance systems in state-owned enterprises;
• regulates licensing and permitting systems;
• maintains unified electronic registers;
• monitors inspections of business entities;
• supports development of entrepreneurship infrastructure;
• conducts analysis of business environment and state support measures;
• participates in budget management and financial planning;
• organizes citizen reception and handles appeals;
• ensures protection of state secrets;
• cooperates with foreign authorities and international organizations;
• performs other functions assigned by legislation.

5. For the implementation of its powers, the Committee has the right to:

• request necessary information from state bodies, legal entities and individuals;
• represent the Republic of Tajikistan in negotiations and agreements;
• adopt binding decisions within its competence;
• act on behalf of the state in investment negotiations and agreements;
• coordinate with the Ministry of Foreign Affairs;
• create advisory and expert bodies;
• decide on privatization of state property;
• establish joint-stock companies and manage state shares;
• appoint representatives to boards of directors;
• manage, lease, evaluate, and sell state property;
• initiate liquidation or reorganization of insolvent enterprises;
• engage consultants and experts;
• carry out other rights in accordance with legislation.

1. Organization of Activities
2. The Committee is headed by a Chairman appointed and dismissed by the President of the Republic of Tajikistan. The Chairman bears personal responsibility for the Committee’s activities.
3. The Committee includes departments and divisions corresponding to its main functions.
4. The Chairman:

• manages the overall activities of the Committee;
• issues binding orders and regulations;
• distributes responsibilities among deputies;
• approves internal regulations and structures;
• appoints and dismisses staff;
• approves staffing and budget estimates;
• represents employees for state awards.

9. A Collegium operates within the Committee to consider key issues of activity and management.
10. The Committee’s acts are issued in the form of resolutions and orders and enter into force after state registration where required.
11. The structure and staffing are approved by the Government of the Republic of Tajikistan.
12. Financing is carried out from the state budget and other lawful sources.
13. The Committee is a legal entity with its own seal and official attributes.
14. Location of the Committee: Dushanbe, Rudaki Avenue 44.